Latest news with #loanorigination
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Point Predictive Brings Industry-Leading Fraud Detection And Automation to MeridianLink Platform
SAN DIEGO, July 16, 2025 (GLOBE NEWSWIRE) -- Point Predictive, the leader in fraud prevention solutions for the lending industry, today announced a new integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The new integration with MeridianLink® Consumer is in addition to the previous integration of MeridianLink DecisionLender®. The new integration allows financial institutions to leverage Point Predictive's comprehensive risk scoring, alerts, and reporting capabilities without leaving their existing MeridianLink Consumer workflow. By embedding AutoPass™ technology directly into the loan origination process, lenders can identify potential fraud in real time while simultaneously reducing document requirements for low-risk applicants. This empowers financial institutions to better protect themselves from fraud while helping to streamline the lending process for members and customers. "Credit Unions and banks today face the challenge of combating increasingly sophisticated fraud schemes while meeting their members' expectations for faster, safer, and more convenient lending experiences," said Tim Grace, CEO of Point Predictive. "Our integration with MeridianLink Consumer addresses those challenges by delivering powerful fraud detection capabilities within lenders' existing processes to help identify risk without introducing friction for legitimate borrowers. We are proud to expand our partnership with MeridianLink to bring our powerful scores and alerts to their over 1,900 customers that depend on them." AutoPass helps financial institutions automatically approve up to 80% of credit-approved applications by providing insights that can reduce requirements for proof of income, employment, and identity. The solution's comprehensive risk score helps prevent 40% to 60% of loans that would default in the first 6-12 months, which often accounts for a significant portion of lender losses annually. "At MeridianLink, we're committed to providing our clients with best-in-class technology that enhances operational efficiency while protecting their financial interests," said Megan Pulliam, SVP of Marketplace at MeridianLink. "Integrating Point Predictive's AutoPass solution gives our clients powerful new tools to help combat fraud without sacrificing the streamlined lending experience that both consumers and financial institutions expect." For credit unions and community banks that may lack extensive fraud prevention resources, the integration provides enterprise-level protection through an easy-to-implement solution. The technology draws on Point Predictive's proprietary data repository of over 87 billion risk insights, encompassing billions of risk attributes across hundreds of millions of historical loan applications from hundreds of lenders and banks. The integration features over 150 comprehensive alerts to identify various fraud types, including identity fraud, income fraud, employment fraud, straw borrowers (those buying a vehicle for someone else but representing it is for themselves), collateral fraud (misrepresentation of the vehicle VIN number, etc.), and Dealer fraud. Early adopters report significant benefits, including reduced fraud losses, faster application processing times, and increased loan conversion rates. One credit union using the integrated solution has seen a 45% reduction in stipulation requests and a 38% increase in conversions by automating their fraud checks with Point Predictive's scores and alerts. The integration is available to all MeridianLink Consumer, DecisionLender®, and LoansPQ platform customers. About Point Predictive Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company's data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as paystubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line. For more information, please visit About MeridianLink MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink's cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike. For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at
Associated Press
13-05-2025
- Business
- Associated Press
Argyle debuts integration with Encompass Consumer Connect, upgrades existing integration with Encompass from ICE Mortgage Technology
- Integrations work together to pre-populate the URLA while reducing lender costs, accelerating closings and removing borrower friction - NEW YORK CITY, N.Y., May 13, 2025 (SEND2PRESS NEWSWIRE) — Argyle, a service provider automating income and employment verifications for some of the largest lenders in the United States, today announced the debut of its integration with Encompass® Consumer Connect™, a digital mortgage point-of-sale solution from ICE Mortgage Technology ®, part of Intercontinental Exchange ( NYSE: ICE ). In addition, Argyle announced the release of significant upgrades to its existing integration with ICE Mortgage Technology's flagship Encompass® loan origination system. Both integrations are built on the Encompass Partner Connect™ platform, ICE's latest API framework for third-party mortgage technology service connections. NEW: Consumer Connect POS integration With Consumer Connect, borrowers can complete mortgage applications on any device, accelerating the loan verification and approval process with an engaging and simple digital mortgage experience. By enabling lenders to embed award-winning verification of income and employment (VOIE) in the application when borrowers are most engaged, Argyle's Consumer Connect integration streamlines the loan process from the very start. Key benefits include: IMPROVED: Encompass LOS Integration In addition to the new Consumer Connect integration, Argyle has rolled out major enhancements to its Encompass integration, including: 'Embedding Argyle into Consumer Connect and enhancing our Encompass integration brings a new level of automation and borrower ease to customers of ICE Mortgage Technology,' said John Hardesty, Vice President of Mortgage at Argyle. 'By placing verification at the start of the borrower journey and optimizing workflows throughout the loan process, lenders can improve efficiency, reduce processing times and deliver a better experience for both borrowers and origination teams.' For more information, visit Argyle on the ICE Marketplace. Encompass Partner Connect enables the integration of key third-party products and services with ICE mortgage technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing. About Argyle: Founded in 2018, Argyle is the leading provider of real-time income and employment verifications. As an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service and an approved service provider supporting Freddie Mac's Loan Product Advisor® asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers' ability to pay and improve loan quality—all with 80% lower verification costs. Argyle's commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management. For more information on Argyle's industry-leading platform, please visit To stay up to date on all Argyle news, sign up for our newsletter here: Tags: @withArgyle @ICEMortgageTech #mortgage #lending #fintech LOGO link for media: NEWS SOURCE: Argyle ### MEDIA ONLY CONTACT: (not for publication online or in print) Leslie W. Colley Depth for Argyle [email protected] (678) 622-6229 ### Keywords: Mortgage, Argyle, income and employment verifications, Encompass Consumer Connect, ICE Mortgage Technology, loan origination system, NEW YORK CITY, N.Y. This press release was issued on behalf of the news source (Argyle) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126142 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Globe and Mail
07-05-2025
- Business
- Globe and Mail
Crisil named Category Leader in Chartis Credit Lending Operations
NEW YORK and LONDON , May 7, 2025 /CNW/ -- Crisil, the global provider of advanced analytics and credit risk management solutions, has been recognised as Category Leader in the Chartis Credit Lending Operations, 2025: Quadrant Update. The recognition, published in April 2025 , underscores Crisil's strengths in providing cutting-edge loan origination products and market leading credit lifecycle solutions to clients worldwide. It highlights the holistic value proposition of our managed services for loan operations, including loan servicing, data remediation, limit and covenant monitoring. The Quadrant Update emphasises Crisil's position as a global leader in the credit risk management space through evaluation of its credit and risk capabilities, analytics, artificial intelligence (AI) and technology, and the dynamic feedback mechanism of its solutions. Says Ashish Vora , President, Crisil Intelligence, "We are proud to be recognised as Category Leader by Chartis. This achievement is a testament to delivering products that empower our clients to accelerate their credit decisioning and transform their credit operations. We continue to invest in AI-based analytics, cutting-edge technology and credit capabilities to stay ahead of the curve and enhance our customer centricity." The Crisil solutions covered as part of this Quadrant Update include: Credit+ suite for credit lending operations Credit+ Loan Origination: Enables clients to seamlessly manage and automate their origination process and incorporate GenAI in credit note generation and credit decisioning Credit+ Pricing Engine: Helps bank's relationship managers identify mis-priced transactions, relationships, and products using AI / ML and heuristics-based approach and recommends product pricing Credit+ Early Warning System: Helps financial institutions actively monitor the quality of their credit portfolio and lower loan-loss contingencies. It leverages GenAI to monitor internal and external data, rule-based flags, and multi-dimensional triggers to detect changes in credit quality and provide risk managers with actionable insights and corrective action plans Analytics and point solutions across collateral management, limit management and loan management journeys. This is enabled through Crisil's extensive domain expertise and technology capabilities Loan management system (LMS) migrations including system transformations, architecture rationalisations and data remediation Transaction management, including deal originations and deal setups in LMS, including risk oversight of loans throughout their lifecycle Post-close services managed across syndicated/bilateral facilities and agented/participant transactions Portfolio management activities such as periodic covenant monitoring, ongoing limit monitoring and breach reporting, Early Warning System trigger and alert monitoring, and collateral management system updates Says Abhik Pal , Global Head of Practice, Crisil Integral IQ, "The Chartis recognition reinforces our position as the preferred industry partner and is a testament to our commitment to provide utmost customer outcomes by combining managed services and tech-enabled solutions. Our comprehensive managed services, backed by our strong technical and domain capabilities, make us a trusted partner for activities across the value chain, including system migration, data remediation, loan servicing and periodic system updates." About Crisil Intelligence (formerly Market Intelligence & Analytics) Crisil Intelligence is a leading provider of research, consulting, risk solutions and advanced data analytics, serving clients across government, private and public enterprises. We leverage our expertise in data-driven insights and strong benchmarking capabilities to help clients navigate complex external ecosystems, identify opportunities and mitigate risks. By combining cutting-edge analytics, machine learning and AI capabilities with deep industry knowledge, we empower our clients to make informed decisions, drive business growth and build resilient capacities. For more information, visit About Crisil Integral IQ (formerly Global Research & Risk Solutions) Crisil Integral IQ delivers solutions and actionable intelligence to top financial institutions, driving strategic transformation, risk optimization, and operational excellence. Our offerings across research, risk, lending, analytics and operations have empowered clients to navigate complex markets, mitigate risks and unlock new opportunities. Our domain expertise, innovative solutions, future-ready technologies such as AI and data science give clients the confidence to accelerate growth and achieve sustainable competitive advantage. Our globally diverse workforce operates in the Americas, Asia-Pacific , Europe , Australia and the Middle East . For more information, visit About Crisil Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence. Large and highly respected firms partner with us for the most reliable opinions on risk in India , and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success. Headquartered in India , Crisil is majority owned by S&P Global. Founded in 1987 as India's first credit rating agency, our expertise today extends across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ. Crisil's global workforce operates in the Americas, Asia-Pacific , Europe , Australia and the Middle East , setting the standards by which industries are measured. For more information, visit Connect with us: LinkedIn | Twitter Crisil Privacy Disclaimer This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil. However, Crisil alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc. Crisil has taken due care and caution in preparing this press release. Information has been obtained by Crisil from sources which it considers reliable. However, Crisil does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. Crisil especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
